UK Uncut makes high court challenge to Goldman Sachs tax deal
By Shiv Malik - The Guardian
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The high court in London is expected to hear that a multi-million pound agreement sealed with a handshake between David Hartnett, the head of HMRC, and Goldman Sachs senior employees, which permitted the investment conglomerate to keep back £10m in back taxes, should be quashed under judicial review.
UK Uncut Legal Action have accused customs officials of giving the US multinational giant favourable treatment in a settlement of a tax dispute which saw Goldman Sachs let off £10m in interest payments.
Their accusations were backed by HMRC's own internal minutes from December 2010, showing Hartnett's personal involvement in the deal with top Goldman representatives which allowed the bank to repay only the principal sum owed.Read the entire article here